3rd Quarter 2021 Key Financial Figures
Kallithea - 26 November 2021
Attica Holdings S.A. (the “Company”), following a letter received from the Hellenic Capital Market Commission with Protocol Number 2596/ 9.11.2021 addressed to all issuers with securities listed on the regulated market of the Athens Exchange, announces its key financial figures for the 3rd quarter of the fiscal year 2021, and developments concerning its activity:
• Consolidated revenue stood at Euro 148.31mln for the third quarter of 2021 and Euro 270.50mln for the period 01.01.2021-30.09.2021 compared to Euro 113.58mln and Euro 230.57mln in the corresponding 2020 periods, an increase of 30.58% and 17.32% respectively.
• Consolidated earnings before interest, taxes, investing and financial results, depreciation and amortisation (EBITDA) stood at Euro 47.11mln for the third quarter 2021 and Euro 42.74mln for the period 01.01.2021-30.09.2021 against Euro 36.86mln and Euro 38.79mln in the corresponding 2020 periods.
• Consolidated earnings before interest and tax (EBIT) stood at Euro 33.34mln for the third quarter of 2021 and Euro 4.31mln for the period 01.01.2021-30.09.2021 against Euro 24.54mln and Euro 3.33mln in the corresponding 2020 periods.
• Consolidated Profit after taxes stood at Euro 32.74mln for the third quarter 2021 while there was loss after taxes of Euro 1.31mln for the period 01.01.2021-30.09.2021 against Profit after taxes of Euro 12.14mln and loss after taxes of Euro 28.81mln in the corresponding 2020 periods.
For the forthcoming months of 2021, which constitute months of low traffic, the Group’s traffic volume will be affected by the evolution of the pandemic and any additional restrictive measures that may be imposed on the movement of passengers.
The Group holds adequate liquidity with its cash and cash equivalents standing at Euro 93.80mln on 30.09.2021 compared to Euro 80.53mln as at 31.12.2020. Moreover, on 30.09.2021 the Group maintains undrawn credit lines amounting to Euro 34mln.
During the 3rd quarter of 2021, no significant variance arose in the Group’s leverage position or capital structure as compared to the Condensed Interim Financial Statements for the period ended June 30th, 2021.
The global community is experiencing an energy crisis which has resulted in the surge of all forms of energy cost. Marine fuels cost has significantly increased, burdening the operating expenses of companies. More specifically, during the 3rd quarter of 2021, the Group's marine fuel costs increased by 74.5% compared to the corresponding period last year.
The management is acting systematically to mitigate the effects of the pandemic and of the fuel cost increase by continuously adapting the Group operations to the evolving conditions, whilst implementing its strategic planning for sustainable development in the post-COVID 19 era.
Attica Group - Press release